Hoist Finance

Hoist Finance AB (publ) has successfully issued SEK 500 million of senior non-preferred bonds with a tenor of 5 years. The bonds were issued under Hoist Finance's EMTN program and were priced at 3-months STIBOR +250 basis points. 

"I am happy to see continued broad and strong support from our investor base for Hoist Finance' bond issuances. Access to market funding at competitive terms is key to propel continued growth in a balanced and cost-efficient way", says Harry Vranjes, CEO of Hoist Finance.

The proceeds from the bond issue will be used for general corporate purposes. The instruments will be listed on the regulated market Irish Stock Exchange plc, known as Euronext Dublin. The bonds are expected to be rated Ba1 by Moody's.

Senior non-preferred bonds

Senior non-preferred bonds are subordinated to senior preferred bonds in the hierarchy of repayment.

For more information, please contact:

Karin Tyche, Chief Investor Relations and Communications Officer
ir@hoistfinance.com
+46 76 780 97 65

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit www.hoistfinance.com.